The Hong Kong Inland Revenue Department (IRD) passed the Inland Revenue (Amendment) (Tax Deductions for Leased Premises Reinstatement and Allowances for Buildings and Structures) Bill 2024 on 18 December 2024. This bill covers tax deductions for

Russia published Federal Law No. 418-FZ on 29 November 2024, which introduces amendments to the Tax Code concerning the taxation of income derived from cryptocurrency activities, including mining and trading. The law will take effect on 1 January

The Hong Kong Inland Revenue Department (IRD) has announced that the government has officially committed to implementing the Crypto-Asset Reporting Framework (CARF) on 13 December 2024. The government informed the Global Forum on Transparency and

The Russian Ministry of Finance has released Guidance Letter No. 03-03-06/1/108990 on 25 November 2024, providing clarity on amendments to the loss restriction rules introduced by Federal Law No. 259-FZ. These changes affect IT companies that

Bahrain’s Council of Representatives approved the ratification of the income tax treaty with Hong Kong on 3 December 2024. Signed on 3 March 2024, the Hong Kong-Bahrain income tax treaty is the first between the two countries. This agreement

The Hong Kong Inland Revenue Department (IRD) has released the latest updated lists of Qualifying Debt Instruments (QDIs) as at the end of 30 September 2024 on 2 December 2024. The lists include: Qualifying Debt Instruments issued before 1